Name Financial Planning Worksheet Short-Term and Long-Term Goals hey Medycynyt life fuppose ya mfumo hele you The 530 you performand for to each other, and they you seguretat you simptome exhat you reach your long mga chance rectify and explomat tened Another shortumla who died 2. Logol Duy house. Athert wolve the Another short-term pol that would be achieve this would be to 3. Long-term Retire before the are of Ashort-term that would have this would be to Another short-term goal that would help achieve in would be Worksheet B-Plan to Save You will need to spend money to achievement of the long-term goals in your life could be money to pay for your education, buy ahorase a family travel tant a business, and so you need money to win you most valued long-term goals, you need to create a saving planas part of your files. Savagt something that just happens for most people. It is the result of careful planning and controlled spending Consider Walter, who would like to save $300 per month toward the purchase of a homeWalte income and spending in the past month are shown below. Use this information to answer the info Walter's Income and Spending Income Spending Gross Wages $1.500 Rent Utilities $7286 Taxes (830.00) Food 33832 Interest Eamed 60.00 Clothing 175.42 Stock Dividende 120.00 Transportation 425.61 2,850 Net Income 299.00 Loan Payments Entertainment 400 92 Insurance 231.42 Other 250.45 1. How much was Walter's income? What change was in Wurmina Which types of spending on what is in the show which type cele 3. What would recommend Walter de to reach his saying Budgeting Worksheer Create a Short-Term Budget Worksheet Some people spend their incomes with thinking of what they are doing or whether their buying decision make much. They may realize that they must pay the red and insure, or make monthly cu pa However, beyond these lape and regular expenditures, things can get kind of Muzy." It is not uncommon for people to run out of money from one paycheck to the next. Making and following a budget is obvious answer to this problem, but it is hard to do when you're not really we of where your To take control of your financial instion, you should first resteries of short term dit worksheets. These are documents that record all income and spending that takes place or a specific period of tim, most often ce month When wills, such as insurance, are paid only once or twice a year, you must include an appropriate care spending in each worksheet Direction: Consider Gretchen's budget worksheet for June and then swer the questions that follow Gretchen's Short Term Budget Worksheet Income Spending Date Source Amount Date Purpose Amount 6/07/ wages S42332 60120 new sweater 5336 6/09 birthday sitt 50.00 6/12/20 carance 48. 29 423.52 6/15/20 rent babysitting job 6/23/20 credit card bil 6/30 savines interest 8.92 6/25 20 telephone bill $1.41 69.30 6/29/20 doctor's Visit 50.00 Totals 593096 5900 90 350.00 1. How much was Gretchen able to save in June? 2 Which sources of her income may not be the same free month to mouth 2. Which types of spending might not be the same from moet to mouth? 4 Why would a series of short-term budget worsheets be needed to develop a long-term budget? Name: Financial Planning Worksheet AShort-Term and Long-Term Goals Everyone wants to make good decisions decisions that maximize benefits and minimize costs. However, it can be hard to make good decisions when you aren't sure what you want to achieve. That's why setting goals and creating and following a financial plan with your goals in mind is so important. When you know where you want to be in the future, it is often casier to get there. Most of the day-to-day decisions you make are only single parts of the larger problem of getting what you want from life. Suppose you spend S20 to see a movie and go out for pizza with your friends. Your decision was made to achieve a short-term goal of immediate enjoyment. Remember, however, that whenever you make a choice, you also make a trade-off. The $20 you spent for pizza and a movie can't be spent or saved for something else. All of your decisions are related to each other, and so are your goals. The $20 you spent for entertainment helped you reach a short-term goal. However, you no longer have that 20 to help you reach more important long-term goals. Suppose you had also decided to save $20 each week to make a down payment on a car in three years. The decision to save is a short-term goal, but it's one that can help you reach your long-term goal of owning a car. Your chances of reaching your most important long-term goals are better when you set short-term goals that help you reach them. Directions: Identify and explain two short-term goals that you could set today that would help you achieve the long- term goal identified 1. Long-term goal: Start your own business. A short-term goal that would help achieve this would be to... Another short-term goal that would help achieve this would be to... 2. Long-term goal: Buy a house. A short-term goal that would help achieve this would be to... Another short-term goal that would help achieve this would be to... 3. Long-term goal. Retire before the age of 60. A short-term goal that would help achieve this would be to... 2. Long-term goal: Buy a house. A short-term goal that would help achieve this would be to... Another short-term goal that would help achieve this would be to... 3. Long-term goal: Retire before the age of 60. A short-term goal that would help achieve this would be to... Another short-term goal that would help achieve this would be to... Worksheet B-Plan to Save You will need to spend money to achieve most of the long- term goals you set in your life. It could be money to pay for your education, buy a house, raise a family, travel, start a business, and so on. Because you need money to achieve your most valued long-term goals, you also need to create a savings plan as a part of your overall financial plan. Saving is not something that just happens for most people. It is the result of careful planning and controlled spending, Consider Walter, who would like to save $300 per month toward the purchase of a home. Walter's income and spending in the past month are shown below. Use this information to answer the questions that follow. Walter's Income and Spending Income Cross Vape Taxc Inners Bed Stuck Dividende Net Income Spending 32.500 Rentals 288 1838.00) Food Clothing 175.42 120.00 45.61 Trampton 2.50 Le Paymes 299.00 400 232.43 Oh 30.45 1. How much was Walter's income? 2. How much did Walter spend? 3. What change was there in Walter's savings? 4. Which types of spending could Walter adjust in the short run? Which types could he not adjust? 5. What would you recommend Walter do to reach his savings goal? Budgeting Worksheet C-Create a Short-Term Budget Worksheet Some people spend their incomes without thinking of what they are doing or whether their buying decisions make much sense. They may realize that they must pay their rent and insurance bills, or make monthly car payments. However, beyond these large and regular expenditures, things can get kind of "fuzzy." It is not uncommon for people to run out of money from one paycheck to the next. Making and following a budget is an obvious answer to this problem, but it is hard to do when you're not really aware of where your money goes. To take control of your financial situation, you should first create a series of short-term budget worksheets. These are documents that record all income and spending that takes place over a specific period of time, most often one month. When bills, such as insurance, are paid only once or twice a year, you must include an appropriate share as spending in each worksheet Directions: Consider Gretchen's budget worksheet for June, and then answer the questions that follow. Date Gretchbars Tom Balert araber Speedia SP Pure 5491 ht SLAM! 225590 M 300 120 2262529 220 A 3336 489 SON 5841 SV. 1. How much was Gretchen able to save in June? 2. Which sources of her income may not be the same from month to month? 5. What would you recommend Walter do to reach his savings goal? Budgeting Worksheet C-Create a Short-Term Budget Worksheet Some people spend their incomes without thinking of what they are doing or whether their buying decisions make much sense. They may realize that they must pay their rent and insurance bills, or make monthly car payments. However, beyond these large and regular expenditures, things can get kind of "fuzzy." It is not uncommon for people to run out of money from one paycheck to the next Making and following a budget is an obvious answer to this problem, but it is hard to do when you're not really aware of where your money goes, To take control of your financial situation, you should first create a series of short-term budget worksheets. These are documents that record all income and spending that takes place over a specific period of time, most often one month. When bills, such as insurance, are paid only once or twice a year, you must include an appropriate share as spending in each worksheet Directions: Consider Gretchen's budget worksheet for June, and then answer the questions that follow. Car Short-Turmaladt Worksheet Srdies Date SU Amen! 31 Nay 54225 SO 1320 433.220 2. 6339 CHE 2 30 de 30.00 SKO 1. How much was Gretchen able to save in June? 2. Which sources of her income may not be the same from month to month? 3. Which types of spending might not be the same from month to month? 4. Why would a series of short-term budget worksheets be needed to develop a long-term budget? Gretchen's Short-Term Budget Worksheet Income Spending Date Source Amount Date Purpose 6/07/-- wages S423.52 6/03/20 new sweater 6/09/-- birthday gift 50.00 6/12/20 car insurance 6/21/-- wages 423.52 6/15/20 rent 6/23/-- babysitting job 25.00 6/23/20 credit card bill 6/30/ -savings interest 8.92 6/25/20 telephone bill 6/26/20 groceries 6/29/20 doctor's visit Totals $930.96 Amount $ 33.86 48.29 350.00 296.04 53.41 69.30 50.00 $900.90 Name Financial Planning Worksheet Short-Term and Long-Term Goals hey Medycynyt life fuppose ya mfumo hele you The 530 you performand for to each other, and they you seguretat you simptome exhat you reach your long mga chance rectify and explomat tened Another shortumla who died 2. Logol Duy house. Athert wolve the Another short-term pol that would be achieve this would be to 3. Long-term Retire before the are of Ashort-term that would have this would be to Another short-term goal that would help achieve in would be Worksheet B-Plan to Save You will need to spend money to achievement of the long-term goals in your life could be money to pay for your education, buy ahorase a family travel tant a business, and so you need money to win you most valued long-term goals, you need to create a saving planas part of your files. Savagt something that just happens for most people. It is the result of careful planning and controlled spending Consider Walter, who would like to save $300 per month toward the purchase of a homeWalte income and spending in the past month are shown below. Use this information to answer the info Walter's Income and Spending Income Spending Gross Wages $1.500 Rent Utilities $7286 Taxes (830.00) Food 33832 Interest Eamed 60.00 Clothing 175.42 Stock Dividende 120.00 Transportation 425.61 2,850 Net Income 299.00 Loan Payments Entertainment 400 92 Insurance 231.42 Other 250.45 1. How much was Walter's income? What change was in Wurmina Which types of spending on what is in the show which type cele 3. What would recommend Walter de to reach his saying Budgeting Worksheer Create a Short-Term Budget Worksheet Some people spend their incomes with thinking of what they are doing or whether their buying decision make much. They may realize that they must pay the red and insure, or make monthly cu pa However, beyond these lape and regular expenditures, things can get kind of Muzy." It is not uncommon for people to run out of money from one paycheck to the next. Making and following a budget is obvious answer to this problem, but it is hard to do when you're not really we of where your To take control of your financial instion, you should first resteries of short term dit worksheets. These are documents that record all income and spending that takes place or a specific period of tim, most often ce month When wills, such as insurance, are paid only once or twice a year, you must include an appropriate care spending in each worksheet Direction: Consider Gretchen's budget worksheet for June and then swer the questions that follow Gretchen's Short Term Budget Worksheet Income Spending Date Source Amount Date Purpose Amount 6/07/ wages S42332 60120 new sweater 5336 6/09 birthday sitt 50.00 6/12/20 carance 48. 29 423.52 6/15/20 rent babysitting job 6/23/20 credit card bil 6/30 savines interest 8.92 6/25 20 telephone bill $1.41 69.30 6/29/20 doctor's Visit 50.00 Totals 593096 5900 90 350.00 1. How much was Gretchen able to save in June? 2 Which sources of her income may not be the same free month to mouth 2. Which types of spending might not be the same from moet to mouth? 4 Why would a series of short-term budget worsheets be needed to develop a long-term budget? Name: Financial Planning Worksheet AShort-Term and Long-Term Goals Everyone wants to make good decisions decisions that maximize benefits and minimize costs. However, it can be hard to make good decisions when you aren't sure what you want to achieve. That's why setting goals and creating and following a financial plan with your goals in mind is so important. When you know where you want to be in the future, it is often casier to get there. Most of the day-to-day decisions you make are only single parts of the larger problem of getting what you want from life. Suppose you spend S20 to see a movie and go out for pizza with your friends. Your decision was made to achieve a short-term goal of immediate enjoyment. Remember, however, that whenever you make a choice, you also make a trade-off. The $20 you spent for pizza and a movie can't be spent or saved for something else. All of your decisions are related to each other, and so are your goals. The $20 you spent for entertainment helped you reach a short-term goal. However, you no longer have that 20 to help you reach more important long-term goals. Suppose you had also decided to save $20 each week to make a down payment on a car in three years. The decision to save is a short-term goal, but it's one that can help you reach your long-term goal of owning a car. Your chances of reaching your most important long-term goals are better when you set short-term goals that help you reach them. Directions: Identify and explain two short-term goals that you could set today that would help you achieve the long- term goal identified 1. Long-term goal: Start your own business. A short-term goal that would help achieve this would be to... Another short-term goal that would help achieve this would be to... 2. Long-term goal: Buy a house. A short-term goal that would help achieve this would be to... Another short-term goal that would help achieve this would be to... 3. Long-term goal. Retire before the age of 60. A short-term goal that would help achieve this would be to... 2. Long-term goal: Buy a house. A short-term goal that would help achieve this would be to... Another short-term goal that would help achieve this would be to... 3. Long-term goal: Retire before the age of 60. A short-term goal that would help achieve this would be to... Another short-term goal that would help achieve this would be to... Worksheet B-Plan to Save You will need to spend money to achieve most of the long- term goals you set in your life. It could be money to pay for your education, buy a house, raise a family, travel, start a business, and so on. Because you need money to achieve your most valued long-term goals, you also need to create a savings plan as a part of your overall financial plan. Saving is not something that just happens for most people. It is the result of careful planning and controlled spending, Consider Walter, who would like to save $300 per month toward the purchase of a home. Walter's income and spending in the past month are shown below. Use this information to answer the questions that follow. Walter's Income and Spending Income Cross Vape Taxc Inners Bed Stuck Dividende Net Income Spending 32.500 Rentals 288 1838.00) Food Clothing 175.42 120.00 45.61 Trampton 2.50 Le Paymes 299.00 400 232.43 Oh 30.45 1. How much was Walter's income? 2. How much did Walter spend? 3. What change was there in Walter's savings? 4. Which types of spending could Walter adjust in the short run? Which types could he not adjust? 5. What would you recommend Walter do to reach his savings goal? Budgeting Worksheet C-Create a Short-Term Budget Worksheet Some people spend their incomes without thinking of what they are doing or whether their buying decisions make much sense. They may realize that they must pay their rent and insurance bills, or make monthly car payments. However, beyond these large and regular expenditures, things can get kind of "fuzzy." It is not uncommon for people to run out of money from one paycheck to the next. Making and following a budget is an obvious answer to this problem, but it is hard to do when you're not really aware of where your money goes. To take control of your financial situation, you should first create a series of short-term budget worksheets. These are documents that record all income and spending that takes place over a specific period of time, most often one month. When bills, such as insurance, are paid only once or twice a year, you must include an appropriate share as spending in each worksheet Directions: Consider Gretchen's budget worksheet for June, and then answer the questions that follow. Date Gretchbars Tom Balert araber Speedia SP Pure 5491 ht SLAM! 225590 M 300 120 2262529 220 A 3336 489 SON 5841 SV. 1. How much was Gretchen able to save in June? 2. Which sources of her income may not be the same from month to month? 5. What would you recommend Walter do to reach his savings goal? Budgeting Worksheet C-Create a Short-Term Budget Worksheet Some people spend their incomes without thinking of what they are doing or whether their buying decisions make much sense. They may realize that they must pay their rent and insurance bills, or make monthly car payments. However, beyond these large and regular expenditures, things can get kind of "fuzzy." It is not uncommon for people to run out of money from one paycheck to the next Making and following a budget is an obvious answer to this problem, but it is hard to do when you're not really aware of where your money goes, To take control of your financial situation, you should first create a series of short-term budget worksheets. These are documents that record all income and spending that takes place over a specific period of time, most often one month. When bills, such as insurance, are paid only once or twice a year, you must include an appropriate share as spending in each worksheet Directions: Consider Gretchen's budget worksheet for June, and then answer the questions that follow. Car Short-Turmaladt Worksheet Srdies Date SU Amen! 31 Nay 54225 SO 1320 433.220 2. 6339 CHE 2 30 de 30.00 SKO 1. How much was Gretchen able to save in June? 2. Which sources of her income may not be the same from month to month? 3. Which types of spending might not be the same from month to month? 4. Why would a series of short-term budget worksheets be needed to develop a long-term budget? Gretchen's Short-Term Budget Worksheet Income Spending Date Source Amount Date Purpose 6/07/-- wages S423.52 6/03/20 new sweater 6/09/-- birthday gift 50.00 6/12/20 car insurance 6/21/-- wages 423.52 6/15/20 rent 6/23/-- babysitting job 25.00 6/23/20 credit card bill 6/30/ -savings interest 8.92 6/25/20 telephone bill 6/26/20 groceries 6/29/20 doctor's visit Totals $930.96 Amount $ 33.86 48.29 350.00 296.04 53.41 69.30 50.00 $900.90